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Reinsurance Group of America, Incorporated a leading global life and health reinsurer, today announced it has completed the transformation of the Hodge Life Assurance Company Limited business that... | May 9, 2023
Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, today announced it has completed the transformation of the Hodge Life Assurance Company Limited (HLAC)
It will withdraw its products from the market including annuities and equity release Cardiff-based savings bank Hodge has sold its subsidiary Hodge Life Assurance (HLA) to Reinsurance Group of America (RGA). RGA will acquire 100% of the share capital in the life arm, according to the agreement. The financial terms of the deal were not disclosed, and the transaction is subject to regulatory approval. As a result of the acquisition, HLA will withdraw all of its products from the market, meaning that it will also stop selling annuities and equity release mortgages. The market withdrawal will be ...